Trump News

Trump Turned Down $2 Billion Deal With Beautiful Dubai Pal Sajwani

... Dubai Billionaire Ready to Do More Deals With Trumps. After Trump's election, the desert-kingdom developer gave NBC News a tour of the resort and talked about his interest in doing more deals, even as ethics experts were raising concerns about the financial ties Trump family already has to overseas businesses that sometimes have strong links to foreign political leaders. "I would love to enhance the relation with the Trump Organization," said Sajwani. Donald and Ivanka Trump with Dubai developer Hussein Sajwani. __link__. Sajwani, who is close to the emir of Dubai, spoke in particular about his dealings with Trump's children. "All his three children are very much involved, and I think under their leadership we will have no issue in expanding and growing and maintaining our business relation," Sajwani said in the interview. "My wife and Ivanka ...

Trump's Secretary Of State Pick Says China Should Be Barred From South China Sea Islands

... regards as a renegade province, but stopped short of Trump's questioning of Washington's long-standing policy on the issue. The United States switched diplomatic recognition from Taiwan to China in 1979, acknowledging that China takes the position that there is "one China" and Taiwan is part of it. But the United States is also Taiwan's biggest ally and arms supplier. "I don’t know of any plans to alter the 'one China' position," Tillerson said. Tillerson said he considered China’s South China Sea activity "extremely worrisome" and that it would be a threat to the "entire global economy" if Beijing were able to dictate access to the waterway. He blamed the current situation on what he termed an inadequate U. S. response. "The failure of a response has allowed them just to keep pushing the envelope on this," Tillerson said. "The way we’ve got to deal with this is we’ve got to show back up in ...

Trump's Boldest Campaign Promises Are Getting A Reality Check

... congressional committee as a “show of incompetence” and reflective of “what’s wrong with the VA.”. But Trump, who embraced much of the Koch-backed organization’s reform plan during the campaign, passed over contenders for the VA post who favored the blueprint championed by Concerned Veterans for America. Trump appears to have balked amid warnings from mainstream veterans groups representing millions of former soldiers against abandoning the reforms implemented by the Obama administration in favor of an approach more oriented toward privatization. And on the border wall, Trump reminisced about the call-and-response at his rallies of “Who’s gonna pay for it?” “Mexico!” But he backed off of  his pledge that he would demand Mexico pay for the wall right away, saying he was impatient to begin construction but that talks with Mexico might take longer. “I want to get the wall started,” he said. “I don't want to wait a year and a half until I make my deal with Mexico. And we probably will have a deal sooner than that.”. Trump’s dilemma is not uncommon for presidents-elect, said Martha Kumar, director of the ...

Factchecking Trump’s Press Conference

... Trump continues to oversimplify the rise of the Islamic State by blaming President Obama for “leaving at the wrong time” from Iraq. President George W. Bush set the withdrawal date. More important, there were numerous factors in the rise of the terrorist group. Trump claimed that “nobody even talked about it” when hacked emails showed that Hillary Clinton’s campaign got debate questions in advance. Actually, there was plenty of press coverage when it was revealed that former CNN contributor Donna Brazile shared questions with Clinton’s campaign. Trump hasn’t held a press conference since July 27, 2016 , during the Democratic National Convention. The purpose was to discuss how he would arrange to handle his business affairs  while he is president. Trump will take the oath of office on Jan. 20. But the Republican president-elect was asked a variety of questions on a host of issues, including Russian hacking, the ...

Trump Says Pharma 'getting Away With Murder,' Stocks Slide

... have to take that seriously, but at the same this is a complicated issue because there's not going to be clarity on drug pricing reform anytime soon," said Brad Loncar, manager of the Loncar Cancer Immunotherapy ETF (CNCR. O). "When somebody that high profile says something that negative, people do not want to invest in it.". Trump has blasted other industries for charging the government too much, particularly defense companies, but has made only a few public statements about drug pricing since being elected. He briefly mentioned Lockheed Martin Corp (LMT. N), Ford Motor Co (F. N), and United Technologies Corp (UTX. N) during the news conference and promised a border tax for companies producing products for U. S. consumers outside the United States. Back in May, then-candidate Trump said Amazon (AMZN. O) was also "getting away with ...

Of Course' We Won't Pay For Trump's Wall

... some differences with the new government of the United States, like the topic of the wall, that Mexico of course will not pay," Peña Nieto said in the address. Trump's new line: Mexico will reimburse US for wall. In the days following Congress coming back into session, reports have emerged saying Trump has moved to break with part of his signature campaign pledge - telling members of Congress that US taxpayers would pay for the border wall and not Mexico. But at his news conference on Wednesday, Trump vociferously denied these reports in part. Read More. "Reports went out last week, 'Oh, Mexico is not going to pay for the wall because of a reimbursement.' What's the difference? I want to get the wall started," Trump said. He said the US would move to build the wall quickly, using US money to fund the project at first before getting Mexico to reimburse the US. As for the mechanism he would use to force Mexico's hand, Trump was noncommittal outside of pledging it would indeed occur. "We're going to build a wall. I could wait about a year-and-a-half until we finish our negotiations with Mexico, ...

Trump Just Completely Entangled His Business And The U.s. Government

... be argued that his occupancy rate was benefiting from Trump’s status as president,” said Brendan Fischer, associate counsel at the Campaign Legal Center. Moreover, the Trump Organization would still technically be accepting payments from foreign governments, even if the company passed on any profits to the U. S. Treasury. With less than two weeks to go until Trump is sworn in as president, his future position is already having a real-world impact on bookings at one of his hotels, which is already using it as a lure for potential customers. Following Trump’s upset victory, the Trump International Hotel in Washington, D. C., pitched foreign embassies on booking luxury rooms as a way to curry favor with the incoming administration. So far, it appears to have worked. Foreign governments, including Bahrain and Azerbaijan, moved their annual diplomatic parties from other hotels to the Trump International after the election. For some visiting dignitaries, the decision to stay at Trump’s D. C. hotel, where rooms start at an average of $805 per ...

Now That Trump Has Spoken, This Is Where Traders Are Turning

... Stovall said. Traders, meanwhile, have been waiting for earnings season to begin, after the stock market's big run since Election Day. Stovall said the earnings season could be better than expected. In fact, history is on its side. "Earnings are expected to be up more than 4 percent this quarter. In each of the last 19 quarters, the actual earnings beat estimated earnings by 3.5 percent. That means earnings are likely to be up closer to 7.5 percent," said Stovall. Banks are first to report, and financial stocks have risen about 17 percent since the election, on the prospect of higher interest rates and an easier regulatory environment. Financial sector earnings are expected to be up about 15 percent. On Thursday, there are more than a half dozen Fed appearances, starting with St. Louis Fed President James Bullard, who will appear on CNBC's "Squawk Box" at 7 a.m. Fed Chair Janet Yellen wraps up the day with an evening town hall meeting for educators. On Capitol Hill, former Exxon Chairman Rex Tillerson will testify for a second day of confirmation hearings for secretary of State. ...

Chao Coasting To Confirmation As Trump's Transportation Secretary

... hearing before the Senate Commerce, Science and Transportation Committee. Listening are her father, James Chao, left, and husband, Senate Majority Leader Mitch Mc Connell. Zach Gibson/AP. The incoming Trump administration will look to tap private investment funds to help rebuild and expand the nation's highways, railways, seaports and airports. That's what Elaine Chao, President-elect Donald Trump's choice to be transportation secretary, told a panel of senators in a rather friendly confirmation hearing Wednesday. Chao, who served as labor secretary under President George W. Bush, and in top transportation posts during the first Bush and Reagan administrations, says the nation's economic growth "is jeopardized by infrastructure in need of repair, the specter of rising highway fatalities, growing congestion and by a failure to keep pace with emerging technologies.". She also acknowledged that the federal Highway Trust ...

Donald Trump's Colossal Error On Jobs During His Press Conference

... that story. The real number. That's the real number.". It is unfortunately very far from the real number. There are in fact 96 million Americans age 16 and older who are not in the labor force. Of this, just 5.4 million, or 91 million fewer than the number cited by Trump, say they want a job. The rest are retired, sick, disabled, running their households or going to school. (This number is 256,000 fewer than last year and 1.7 million fewer than the all-time high for the series in 2013.). Defining the size of the jobs problem in America is critical for the administration and the Federal Reserve to get economic and monetary policy right. If there is indeed a large cadre of Americans who want work but can't get it, it makes sense to have strong fiscal and monetary stimulus. If that number is shrinking, as the data suggest, it means much less policy is needed and too much ...

Trump's Divestiture Is Hard, Pricy And Essential

... the president's assets, with their value conveyed to a blind trust — and investment portfolio of which he and his family would have no knowledge or control. Article continues after sponsorship. Of course, no past U. S. president have had business holdings of the scale or complexity of the president-elect's. Trump lawyer Sheri Dillon said at the press conference that would make divestiture unworkable , NPR's Jackie Northam reported. "The Trump brand is key to the value of the Trump organization's assets," Dillon said. "If Trump sold his brand, he'd be entitled to the royalties for the use of it.". And if the brand was mothballed entirely, the value of Trump's holdings would crater, and they would have to be sold off in a fire sale. Ethics Expert: Trump's Efforts To Address Conflicts Are 'Baby Steps'. Nevertheless, that's what Schaub said needs to happen — both to completely safeguard ...